Essar Group, the Indian conglomerate grappling with debt after an $18 billion spending spree, is in the midst of a dispute with IDFC Ltd.’s private-equity arm that could delay planned asset sales, people ...

International Finance Corp., the World Bank’s private-sector financing arm, plans to lend $59 million to Indian wind-farm developer Green Infra Ltd. The funds will be used over the next year to develop ...

IDFC Ltd. and India ’s Department of Posts are among companies favored for new bank permits that the central bank is poised to issue in coming weeks, a person with direct knowledge of the matter said. The panel, headed by former Reserve Bank of India Bimal Jalan, submitted a report on the 24 applicants to the central bank on Feb. 25. Just 35 percent of India’s adult population have accounts with financial institutions, compared with the global average of 50 percent, according to the World Bank. L&T Finance Holdings Ltd. (LTFH) , Bajaj Finserv Ltd. (BJFIN) and Aditya Birla Nuvo Ltd. are among the permit applicants.